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Now available in the U.S. for billers for a variety of recurring payments including rent, utilities, healthcare and more Verizon planning to pilot offering Pay-by-bank is powered by Mastercard’s open banking technology, supporting the permissioned exchange of safe and secur...
2023-10-20 06:11:00 ET Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) doesn't own quite as many bank stocks as it did in recent years. In addition to unwinding its once-massive stake in Wells Fargo (NYSE: WFC) , Berkshire also sold shares of JPMorgan Chase (NYSE: J...
2023-10-20 05:20:00 ET JPMorgan Chase 's (NYSE: JPM) quarterly earnings beat analysts' revenue and earnings expectations and illustrated the strength of the company's fortress balance sheet, which was well-positioned for today's higher-interest-rate environment. CEO Jamie Dimon disc...
2023-10-19 09:26:49 ET Summary Citigroup has been making progress with its turnaround, but double-digit ROTCE is still several years away. Third quarter results were a clean beat, with better net interest margin, decent loan growth, and good performance in trading and treasury man...
2023-10-18 21:00:10 ET Summary JPMorgan Chase beats analyst expectations with strong revenue and profitability growth in Q3 2023. The bank maintains solid credit quality and raises expectations for FY interest income to $89 billion. Concerns about Basel III uncertainties and C...
2023-10-18 13:09:22 ET Summary Despite announcing Q3 2023 results, Bank of America's stock rose by 1.8%, even though it underperformed its peers over the past year, declining by 18%. Bank of America stands out with its resilient customer profile and stabilized net interest margin,...
2023-10-18 08:15:00 ET Summary The S&P 500 and Dow Jones Industrial Average saw sharp losses for the month and the quarter. Interest rates were kept steady in a range of 5.25% to 5.5%, and it is uncertain if 2023 will see yet another hike. Net investments of around $1,500 ...
2023-10-18 00:00:00 ET Summary The LERI shows corporate uncertainty increasing to its highest level since the pandemic, in line with what bank CEOs have been sharing on Q3 calls. This week, 460 companies are expected to report for Q3, 55 from the S&P 500. Potential Surpris...
2023-10-17 08:49:02 ET Summary JPMorgan achieved strong quarterly results driven by high net interest income. Proposed capital reserve requirements by Basel III endgame could impact shareholder returns in the coming years as profits are reserved to build CET1 capital. Changes ...
2023-10-17 08:30:14 ET Summary Bank of America Corporation Q3 earnings beat expectations, with large increases in revenue and earnings and only a 4% Y/Y decline in deposits, which increased $1 billion Q/Q. The perception of liquidity issues has caused Bank of America stock to unde...
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JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 with the SEC. The report is available on the SEC's website at www.sec.gov and will be available on the Firm's In...
2024-08-02 15:27:29 ET Bank stocks are ending the trading week on low note, down across the board much more than the broad market's setback of around 2.2%. As of 3:07 p.m. ET shares of JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) are lower to the tune of 5.1% and 6...
The stock market tumbled on Thursday as fresh data stoked fears over a possible recession reversing momentum from earlier in the week. The Dow Jones Industrials dumped 490.95 points, or 1.2%, to 40,351.94. The S&P 500 index slid 44.77 points to 5,477.53. The NASDAQ fell 234.98 poi...